Search found 205 matches

by crystalbank
Tue Mar 05, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: Selling Car
Replies: 46
Views: 2260

Re: Selling Car

If your car is worth under $10k, just put it on craigslist (make sure to read the recent scams etc so you don't fall for them). Don't even bother with autotrader or any other listing site. When I sold my car, I put it on every other site except for craigslist (thinking craigslist is nothing but scam...
by crystalbank
Thu Feb 28, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Did I make excessive contributions in solo 401k?
Replies: 7
Views: 503

Re: Did I make excessive contributions in solo 401k?

ERISA Stone wrote:
Thu Feb 28, 2019 12:07 am
Any chance any of the funds were deposited in 2019?
Unfortunately they're all made in 2018. :(
by crystalbank
Wed Feb 27, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make excessive contributions in solo 401k?
Replies: 7
Views: 503

Re: Did I make excessive contributions in solo 401k?

Yes, this is an excess annual addition. In this case IRS guidelines on correcting excess annual additions are to your advantage. Even though this became an annual addition because you didn't limit the employer contribution and you can not return excess employer contributions, they are subject to a ...
by crystalbank
Wed Feb 27, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make excessive contributions in solo 401k?
Replies: 7
Views: 503

Re: Did I make excessive contributions in solo 401k?

Employer contributions for an S-Corp are a business expense. it is only the employee contribution that cannot exceed the salary less other mandatory payroll deductions. Thanks for the reply! I did not know that. I read the 401k limits article in the IRS website https://www.irs.gov/retirement-plans/...
by crystalbank
Wed Feb 27, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make excessive contributions in solo 401k?
Replies: 7
Views: 503

Did I make excessive contributions in solo 401k?

Hi there, 2018 was our first year with a solo 401k (S-Corp) and I'm afraid I might have contributed in excess. Me: W2 Income : $100k Deferral: $18.5k Employer Match : $25k Total 401k contrib: $43.5k Spouse: W2 Income: $20k Deferral: $18.5k Employer Match: $5k Total 401k contrib: $23.5k Here for my s...
by crystalbank
Mon Feb 25, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 307537

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Very interesting and thanks for sharing this. But somehow this reminded me of the 'Mexican Peso' problem illustrated in Fooled by Randomness by Nassim Nicholas Taleb. Which is, every decade a new generation of fund managers discover the high interest rates paid by central banks in Mexico and arbitra...
by crystalbank
Sun Feb 03, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 8517

Re: Zelle Fraud? But how? What now?

Another update: I received a letter from Capital One in the mail telling me that they're still not done with the investigation and they only temporarily credited my account and once the investigation is complete they'll remove the credit if deemed necessary. There is no indicated timeline of their i...
by crystalbank
Wed Jan 30, 2019 3:32 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 130
Views: 11747

Re: Please share some lifestyle creep you regret.

Flying Business Class for long distance international flights. A great luxury indeed and really hard to go back to coach once you get used to it. Should've never done it.
by crystalbank
Wed Jan 30, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 8517

Re: Zelle Fraud? But how? What now?

Just giving an update, Capital One eventually resolved the issue and credited the fraud amount. But, I'll likely move away from Capital One in the near future. Even though they did resolve the issue, their customer support really went downhill from a few years ago. I had to call them periodically to...
by crystalbank
Sun Jan 20, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Refurbished iPhones from Amazon
Replies: 23
Views: 2211

Re: Refurbished iPhones from Amazon

I'd be wary of buying refurbished Apple products on Amazon. The best place to buy refurb Apple products is indeed Apple Refurb Store. If they don't sell that item, I'd venture out to something like https://swappa.com . About half the phones I purchased from Swappa were not paid off or damaged in so...
by crystalbank
Thu Jan 17, 2019 8:29 pm
Forum: Personal Consumer Issues
Topic: Refurbished iPhones from Amazon
Replies: 23
Views: 2211

Re: Refurbished iPhones from Amazon

I'd be wary of buying refurbished Apple products on Amazon. The best place to buy refurb Apple products is indeed Apple Refurb Store. If they don't sell that item, I'd venture out to something like https://swappa.com.
by crystalbank
Wed Jan 16, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 8517

Re: Zelle Fraud? But how? What now?

You will probably get your money back but you might consider switching to another bank. I think most of the banks only allow Zella to transfer $150, the first time, until the relationship has been approved and this is after you have opted into using the service. Yep, once this gets resolved - I'll ...
by crystalbank
Wed Jan 16, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 8517

Re: Zelle Fraud? But how? What now?

You will probably get your money back but you might consider switching to another bank. I think most of the banks only allow Zella to transfer $150, the first time, until the relationship has been approved and this is after you have opted into using the service. Yep, once this gets resolved - I'll ...
by crystalbank
Wed Jan 16, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 52
Views: 8517

Zelle Fraud? But how? What now?

A few days ago I got a spammy looking text message that a $500 Zelle payment was initiated from my Capital One 360 debit card ending in xxxx. I haven't really used that card in many months and right at that moment I didn't have it with me in my wallet (it was in my bookshelf along with other cards I...
by crystalbank
Tue Jan 15, 2019 10:57 pm
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 8559

Re: Gillette Mach 3 alternatives

Why do you want to transition off of them? Gillette blades are really the best IMHO. If you're looking to save money, switch to a safety razor and wait for it - buy Gillette 7'o clock safety razor blades. They're a lot cheaper than Mach3 but produce similar clean shaves. The only caveat is that safe...
by crystalbank
Tue Jan 15, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 4646

Re: Any good reason to get a smartwatch?

The only time I was tempted to get an Apple Watch is when someone was showing me how accurately it counts swimming laps (and other swimming related data). I almost went online and placed an order but in the end decided to skip it. Mainly because I don't want to get on another upgrade treadmill and a...
by crystalbank
Tue Jan 01, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: Save expired passports?
Replies: 26
Views: 2323

Re: Save expired passports?

Unless I'm wrong, I believe even an expired passport can be used to establish proof of citizenship. I wouldn't toss it away.
by crystalbank
Tue Dec 11, 2018 11:43 am
Forum: Personal Investments
Topic: Portfolio review for 29 & 30 year olds.
Replies: 18
Views: 2110

Re: Portfolio review for 29 & 30 year olds.

I greatly appreciate all the input. Taking into consideration what’s been said here so far, I’ve reviewed the cash flows and mortgage balances for all the properties. My concern with selling the properties was reducing the monthly cash flow. The following plan actually increases it though. Going fo...
by crystalbank
Sun Dec 09, 2018 11:21 pm
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 114
Views: 9459

Re: Electric bill with LED

I just bought 44 LED bulbs from my local Ace Hardware for a total of $11 plus tax, that’s four for a dollar, it’s a special sale. I bought a mix of 60W and 75W incandescent-equivalents, all 2700K color temperature, and they’re dimmable. It’s enough to convert two houses to LED. That's quite a deal....
by crystalbank
Wed Dec 05, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about downsizing car
Replies: 27
Views: 1988

Re: Thinking about downsizing car

The cayman just has a better interior and a much more satisfying engine (assuming you get a flat 6 instead of the garbage 4-banger they cripled the 718 with...idk why they didn't use the 5 cylinder from the TT RS). I have driven the Cayman, but never owned one. It's at the top of my list right next...
by crystalbank
Tue Dec 04, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about downsizing car
Replies: 27
Views: 1988

Re: Thinking about downsizing car

MotoTrojan wrote:
Tue Dec 04, 2018 10:03 pm
I bought it used w/ 32k miles. Electronics sports differential if that helps you narrow it down :).
ESD you say? Some kinda of Audi. I know the yesteryear RS5 doesn't have the ESD, so I'm guessing S4 or S5.
Anyways, I vote for the S2000. 987 Cayman if you want to keep it german.
by crystalbank
Thu Nov 22, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Weekend Toy Motorcycle - Honda Grom or Honda Monkey or ..?
Replies: 13
Views: 1278

Re: Weekend Toy Motorcycle - Honda Grom or Honda Monkey or ..?

I can understand the appeal. Just a word of caution, would you actually ride it much? I have a Honda CBR and ride it like 3 times per year. I can't ride it for my job so it's pretty much useless... I'm still trying to dip my toes and like I said, this is just a weekend toy. I hope to ride atleast o...
by crystalbank
Thu Nov 22, 2018 1:47 am
Forum: Personal Consumer Issues
Topic: Weekend Toy Motorcycle - Honda Grom or Honda Monkey or ..?
Replies: 13
Views: 1278

Weekend Toy Motorcycle - Honda Grom or Honda Monkey or ..?

Hi BHers, So suddenly I caught the tiny motorcycle bug. I always liked motorcycles but was too chicken to seriously get into it. One day I decided to try it out by taking a CHP Motorcycle Safety training course and I'm now completely hooked. But, I don't want a big honking cc with all the frills. I ...
by crystalbank
Fri Nov 02, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 60
Views: 4652

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

I started going to the library more frequently, to checkout the magazines. I still get my newspaper delivered every morning, though.
by crystalbank
Fri Nov 02, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4555

Re: Thoughts on the New Macbook Air?

The new MacBook Air is definitely worth it IMHO. It's like a slightly detuned MacBook pro without the ugly bits like the touch bar. But make sure you try out the new keyboard beforehand. People seem to either love it or hate it.
by crystalbank
Wed Oct 31, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 8020

Re: Is Small Value Still A Winner?

Ah, I see my chart was including growth since 1972 which looks much larger when compounded. Still, small cap value is ahead going back 10 years. It depends on the years and you can cherry pick data to make the premium look great or terrible. It takes a long stretch including rebalancing to show up....
by crystalbank
Wed Oct 31, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: Is Small Value Still A Winner?
Replies: 96
Views: 8020

Re: Is Small Value Still A Winner?

I don't know if SCV will repeat it's returns in future years, but I've decided to tilt my portfolio to SCV significantly (40%). I was conflicted about choosing Small Cap Blended or Value, but in the end decided to stick with SCV. My reasoning is simply that if there is indeed a SCV premium I would r...
by crystalbank
Sat Oct 27, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman 2 Funds for Life
Replies: 41
Views: 9700

Re: Paul Merriman 2 Funds for Life

Thanks for posting this. Quite an illuminating discussion and even though I had a Small Cap tilt in my portfolio, never really looked at this way. This 2-fund approach is quite remarkable and will definitely look more into this. Also, I wonder how this approach will work if you have significant asse...
by crystalbank
Thu Oct 04, 2018 9:21 pm
Forum: Personal Investments
Topic: SEP IRA to Solo 401k & Roth Questions
Replies: 8
Views: 395

Re: SEP IRA to Solo 401k & Roth Questions

still can’t do a solo 401k but you may look at a qualified joint venture as a better setup than your SEP IRA Can you explain further? If I recall correctly, S-Corp with only two employees (owner and spouse) does qualify for a solo 401k. and I’m not sure QJV applies to S Corp or not. Are you sure an...
by crystalbank
Thu Oct 04, 2018 9:12 pm
Forum: Personal Investments
Topic: SEP IRA to Solo 401k & Roth Questions
Replies: 8
Views: 395

Re: SEP IRA to Solo 401k & Roth Questions

PFInterest wrote:
Thu Oct 04, 2018 9:05 pm
If you have employees you can't use a solo 401.
No other employees, just me and my spouse.
by crystalbank
Thu Oct 04, 2018 7:31 pm
Forum: Personal Investments
Topic: SEP IRA to Solo 401k & Roth Questions
Replies: 8
Views: 395

SEP IRA to Solo 401k & Roth Questions

Hello BHers, I have an S-Corp and I take some W-2 salary (my spouse too) every year and the rest as business income. Ever since I established an S-Corp I've always contributed 25% of my W-2 to a SEP. Starting this year, I'm thinking if it would be wise to switch over to a solo 401k. I don't have a R...
by crystalbank
Fri Sep 28, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Counterfeits benefit Amazon
Replies: 14
Views: 1514

Re: Counterfeits benefit Amazon

Lately, the number of counterfeits or shady items on Amazon is really high. I don't buy any electronics on Amazon anymore due to the hassle of trying to avoid a counterfeit product. This problem is especially rampant on the 'accessories' side of electronics (think chargers, cables, thumb drives). To...
by crystalbank
Fri Sep 28, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Lease Takeover From a Friend
Replies: 3
Views: 368

Re: Lease Takeover From a Friend

Don’t do this on the sly. Either formally take over the lease by going through the leasing company or forget the whole thing. You're right. There's no way to do anything without the leasing company involved. I just was looking to avoid a credit application even if it means paying a years worth of p...
by crystalbank
Fri Sep 28, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Lease Takeover From a Friend
Replies: 3
Views: 368

Lease Takeover From a Friend

Hi there BHers, So a good friend is leasing a nice european sport sedan (Giulia). Half way through the lease he decided to get rid of the car due to family reasons (getting married). He still has a year left on the lease and around 12k miles. He asked me if I'm interested in taking over the lease an...
by crystalbank
Sat Aug 25, 2018 2:38 am
Forum: Personal Investments
Topic: HSABANK self directed account at TDA - availability of stable value fund?
Replies: 5
Views: 452

Re: HSABANK self directed account at TDA - availability of stable value fund?

I live in CA and also have HSABANK/TDA. I decided to put 50% in Total Market Fund and 50% in a Intermediate Treasury Fund. If you do need the money short term, a Short Term Treasury Fund like the above post would be absolutely the way to go.
by crystalbank
Tue Aug 07, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 28810

Re: Invest in Tesla?

aqan wrote:
Tue Aug 07, 2018 6:02 pm
crystalbank wrote:
Tue Aug 07, 2018 5:52 pm
So who is willing to pour $70B into Tesla right now?
Is there a timeline for this?
Lastly, when will the shareholder vote take place?

This whole thing is very weird and erratic.
the word on the street is: Saudis
That's a lot of cheddar even for the Saudis.
by crystalbank
Tue Aug 07, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 28810

Re: Invest in Tesla?

So who is willing to pour $70B into Tesla right now?
Is there a timeline for this?
Lastly, when will the shareholder vote take place?

This whole thing is very weird and erratic.
by crystalbank
Sat Aug 04, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: iPhone MNVO compatability (Cricket, Pageplus, etc)
Replies: 11
Views: 1012

Re: iPhone MNVO compatability (Cricket, Pageplus, etc)

I'm not sure why iMessage won't work with At&t MVNOs. I setup Redpocketmobile for my sibling and everything works (even the MMS) except for Tethering. iMessage is a complete Apple implemented system and it only relies on SMS for initial activation.
by crystalbank
Sat Aug 04, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Audi A4 -- Does Anyone Have an Opinion About It?
Replies: 31
Views: 3410

Re: Audi A4 -- Does Anyone Have an Opinion About It?

The current gen A4 is stellar. But I would get the torsen quattro one, not the ultra. The difference in mpg is minimal and the 'quattro' car is so much better to drive than the FWD ultra one. All A4s in MY18 have the same engine but different drive trains. I live in a flat city with no snow. I just...
by crystalbank
Fri Aug 03, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: Audi A4 -- Does Anyone Have an Opinion About It?
Replies: 31
Views: 3410

Re: Audi A4 -- Does Anyone Have an Opinion About It?

The current gen A4 is stellar. But I would get the torsen quattro one, not the ultra. The difference in mpg is minimal and the 'quattro' car is so much better to drive than the FWD ultra one. All A4s in MY18 have the same engine but different drive trains.
by crystalbank
Tue Jul 31, 2018 1:00 pm
Forum: Personal Investments
Topic: 1.9 M windfall. My plan; input requested
Replies: 30
Views: 4892

Re: 1.9 M windfall. My plan; input requested

As others have already pointed out, be very wary of inflating your lifestyle. You'll be surprised at how easily you'll find a liking towards 'finer' things in life. I would hold off on the car/house purchases for a while, unless the real estate in your area is ridiculous.
by crystalbank
Mon Jul 30, 2018 11:23 pm
Forum: Investing - Theory, News & General
Topic: So go the FAANG, so goes the market?
Replies: 41
Views: 4866

Re: So go the FAANG, so goes the market?

I used to be worried about this topic a lot, but over time I got comfortable with the idea that just a few stocks produce most of the returns. As long as you own the entire market, you'll be ok eventually. Sure, there will be drops every now and then (like FAANG now) but I try my best not to panic.
by crystalbank
Sun Jul 29, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 28810

Re: Invest in Tesla?

They still sell a lot of cars and their revenue is growing quite remarkably. I don't think the current valuation is sustainable and will likely lead to correction. But I think Tesla as a company will survive and continue to grow.
by crystalbank
Sat Jul 28, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: [S-Corps] Accountant advice on handling profit
Replies: 22
Views: 1561

Re: [S-Corps] Accountant advice on handling profit

of course I don't think anyone yet knows how the QBI deduction will work exactly but I think given what we know the optimal level of W2 salary is 28.57% of total compensation. That doesn't mean that's a reasonable salary I think that's just the optimal math. Peter Reilly at Forbes figured it out or...
by crystalbank
Fri Jul 27, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: [S-Corps] Accountant advice on handling profit
Replies: 22
Views: 1561

Re: [S-Corps] Accountant advice on handling profit

of course I don't think anyone yet knows how the QBI deduction will work exactly but I think given what we know the optimal level of W2 salary is 28.57% of total compensation. That doesn't mean that's a reasonable salary I think that's just the optimal math. Peter Reilly at Forbes figured it out or...
by crystalbank
Thu Jul 26, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: [S-Corps] Accountant advice on handling profit
Replies: 22
Views: 1561

Re: [S-Corps] Accountant advice on handling profit

One thing I can think of is the new 20% small business deduction for S-Corps if you qualify for it. The 20% deduction of business income is in turn capped at 50% of the total W-2 wages on the payroll. After a lot of analysis, my CPA suggested increasing the payroll income this year and cut back on d...
by crystalbank
Wed Jul 25, 2018 1:26 am
Forum: Investing - Theory, News & General
Topic: New article about factor investing in Financial Times
Replies: 7
Views: 727

Re: New article about factor investing in Financial Times

AQR is at the vanguard of a revolution quietly sweeping through the asset management industry...
Nice pun! :D
The article is interesting, but I'm still curious to see how factor investing holds up in the long term.
by crystalbank
Mon Jul 23, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 11271

Re: Anyone sell their car to Carmax or webuyanycar.com?

You can also try Vroom.com and Carvana. They both compete with Carmax and usually have better appraisals.
by crystalbank
Fri Jul 20, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize or just move on
Replies: 11
Views: 1276

Re: Downsize or just move on

Deighve wrote:
Fri Jul 20, 2018 1:20 pm
Have you considered recasting your mortgage to lower the payments? Then you could use the difference to invest.
Is recasting the same as refinancing? I did look into refinancing, but I've decided to look into it once my low rate ends in 2021.
by crystalbank
Fri Jul 20, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize or just move on
Replies: 11
Views: 1276

Re: Downsize or just move on

Thanks for the replies. I've added some more info. Like some of you pointed out, I think I do feel regret not investing in the market early on and missing out a huge bull run. Mind you, when I was in school all I heard in the news was the Stock Market crashing everyday, so I was not inclined to inve...